Balaclava, Mauritius (PANA) – Mauritian Prime Minister Pravind Jugnauth said on Wednesday that the island is determined to have world class transportation systems, logistics and facilities for the sustainable growth of its economy and thus, it is investing massively in the infrastructural development of its port to make it a preferred maritime hub in the Indian Ocean.
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Kigali, Rwanda (PANA) - Rwandan President Paul Kagame is among World leaders attending the 48th annual World Economic Forum (WEF) from 23-26 January, 2018, in Davos, Switzerland, an official source confirmed on Tuesday.
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Tunis, Tunisia (PANA) - The African Development Bank (AfDB) will give Tunisia US$ 462.5 million to sustain its 2018 budget, the Tunisian ministry of Development, Investment and International cooperation said on Tuesday in a communiqué.
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Geneva, Switizerland (PANA) – While the global economy has kept up modest growth, the total number of unemployed people will likely remain high in 2018 – at above 192 million – and it will be harder to find a decent job, the United Nations labour agency reported on Monday.
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Addis Ababa, Ethiopia (PANA) - The African Union Commission (AUC) is set to launch the first AU Agenda 2063 Flagship project, the Single African Air Transport Market (SAATM), in Addis Ababa, Ethiopia, on 28 January, 2018, as a historic event at the African Union Summit, nearly two decades after the adoption of the 1999 Yamoussoukro Decision.
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Abuja, Nigeria (PANA) - The African Development Bank (AfDB) provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as Nigeria struggled with the 2015-2016 economic recession, the Nigerian Government has said.
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Montreal, Canada (PANA) – A record 4.1 billion passengers took to the skies in 2017 on board some 37 million scheduled flights globally, the United Nations civil aviation agency reported on Thursday, highlighting that the fastest growth was seen among low-cost carriers.
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Cape Town, South Africa (PANA) – Several flights from South Africa to the Indian Ocean island of Mauritius have been cancelled due to tropical Cyclone, Berguitta, which is creating high winds.
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Addis Ababa, Ethiopia (PANA) – The International Monetary Fund (IMF) has commended Ethiopia’s impressive record of human development improvements and output growth over the last decade. However, it has warned that the country’s external imbalances and inadequate reserve buffers remain a key risk.
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Nairobi, Kenya (PANA) – The Kenyan government plans to merge six state-owned financial services firms to form one Development Bank, the Head of Public Service Joseph Kinyua said on Tuesday.
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Abuja, Nigeria (PANA) – Nigeria's inflation rate, measured by the Consumer Price Index (CPI), further dropped to 15.37 per cent in December 2017, the National Bureau of Statistics (NBS) said on Tuesday, noting a 0.53 per cent points drop from 15.90 per cent recorded in November.
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Banjul, Gambia (PANA) - The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, on Tuesday signed a US$210 million framework agreement in Banjul with the Gambian government for economic support over a three-year period.
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Dar es Salaam, Tanzania (PANA) - Tanzanian President John Pombe Magufuli on Tuesday received credentials of six ambassadors urging them to promote bilateral relations with emphasis on economic cooperation between Tanzania and their respective countries.
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Nairobi, Kenya (PANA) - The African Development Bank (AfDB) is launching the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday at its headquarters in Abidjan, Cote d'Ivoire, the bank said in a press statement Tuesday.
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Dar es Salaam, Tanzania (PANA) – Gold production by Tanzania’s industry leader and LSE-listed Acacia Mining for the fourth quarter in 2017 was slightly ahead of expectations at 148,477 ounces, but 30% lower quarter-on-quarter as a result of its flagship Bulyanhulu mine scaled-down operations.
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Abuja, Nigeria (PANA) - Nigeria’s President, Muhammadu Buhari, will commission the new office complex of the African Development Bank (AfDB) in Abuja on 18 January, 2018, consolidating the country’s position as the Bank’s largest shareholder.
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Kigali, Rwanda (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday approved the extension of the Policy Support Instrument (PSI) for Rwanda to December 1, 2018 as well as a disbursement of US$ 25.8.million to the east-central African country.
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